Up & Down Asia

Why Capital is Fleeing Asia for Europe - For Now

For 2 months, investors have pulled money from Asia funds as anticipated melt-up turns into exodus.

We set the tone for this week by borrowing this rather startling admission from Aberdeen Asset Management’s CEO Martin Gilbert. Responding to reporters after his company said investors pulled 9.9 billion pounds sterling from its funds in the second quarter – the ninth consecutive quarter of withdrawals – Gilbert told Reuters:

“We are long-term boring investors buying quality companies, and that doesn’t work in the momentum-driven...